Analyst Rating Update on TransCanada Corporation (TRP)

TransCanada Corporation (NYSE:TRP) : Zacks Investment Research ranks TransCanada Corporation (NYSE:TRP) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 2.25, which indicates as a Buy.

TransCanada Corporation (NYSE:TRP) : 3 Wall Street analysts covering TransCanada Corporation (NYSE:TRP) believe that the average level the stock could reach for the short term is $49.13. The maximum price target given is $58 and the minimum target for short term is around $44, hence the standard deviation is calculated at $7.73.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Barclays maintains its ratings on TransCanada Corporation (NYSE:TRP). In the latest research report, Barclays raises the target price from $33 per share to $43 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. The rating by the firm was issued on May 2, 2016.

TransCanada Corporation (NYSE:TRP): stock turned positive on Tuesday. Though the stock opened at $43.9, the bulls momentum made the stock top out at $44.11 level for the day. The stock recorded a low of $43.45 and closed the trading day at $43.8, in the green by 1.03%. The total traded volume for the day was 918,750. The stock had closed at $43.3523 in the previous days trading.

TransCanada Corporation (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines, Liquids Pipelines and Energy. Natural Gas Pipelines and Liquids Pipelines consist of its respective natural gas and liquids pipelines in Canada, the United States and Mexico, as well as its regulated natural gas storage operations in the United States. Its natural gas pipeline network transports natural gas to local distribution companies, power generation facilities and other businesses across Canada, the United States and Mexico. Its existing liquids pipeline infrastructure connects Alberta and the United States crude oil supplies to the United States refining markets in Illinois, Oklahoma and Texas, as well as connecting the United States crude oil supplies from the Cushing, Oklahoma hub to refining markets in the United States Gulf Coast. Energy includes its power operations and the non-regulated natural gas storage business in Canada.

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